Modernization Theory

Definition

Modernization theory is a perspective that explains how societies become more advanced through industrialization, urbanization, and other social changes. It suggests that traditional societies can progress by adopting Western values and institutions.

Related terms

Dependency Theory: This theory argues that developing countries are dependent on developed countries due to historical inequalities in power and resources.

Core-Periphery Model: This model describes the global division of labor where core countries (developed) exploit peripheral countries (less developed).

Rostow's Stages of Economic Growth: This model outlines five stages of economic growth that nations go through on their path towards development.